Sequent Software Secures $12M

Redwood City-based Sequent Software, a developer of contactless payment systems and technology, has raised $12M in a Series B funding round. The firm said the funding was led by the venture arm of Russian bank Sberbank, SBT Venture Capital. Opus Capital and Jado Investment also participated. Sequent said the new funding will go towards driving worldwide commercial deployment of its product. More information »